"There is not a moment in which God does not present Himself under the cover of some pain to be endured, of some consolation to be enjoyed, or of some duty to be performed. All that takes place within us, or through us, contains and conceals His divine action. All gentle souls must admire and respect one another, saying: 'Let us each proceed along our path to the same goal, united in purpose, and by the means of God's plan which, in its great variety, is in us all."
Jean-Pierre de Caussade

12 November 2014

Gold Daily and Silver Weekly Charts - Agents of Misfortune

"Do not fear those who can kill the body but are not able to kill the soul; rather, fear Him who can destroy both soul and body of the accursed."

I wrote about it primarily because it was getting a lot of play, and raising some concerns and questions. It seems to have caught the attention of many.

And as you know I am following what the G20 does this weekend in Brisbane. I do not know about rules for bail-ins, but there are some who think that the BRICS may have something to say of interest at a forum which is not dominated by the US and UK.

I have approached many such meetings with anticipation in the last few years. And mostly nothing of consequences occurs.

The usual suspects were caught rigging the markets again. You may read about JPM and the agents of misfortune, and most likely US government policy when their interests coincide, here.

Gold and silver were flat in largely lackluster trade.

There was no real delivery movement on the Comex report. The warehouses saw minor withdrawals of bullion.

A friend keeps discussing the 'delta of delivery' with me.

By this he means the movement of gold from West to East, which is a big change from prior states in the precious metals market, particularly gold.

This is a trend that it would be foolish not to note, and watch. So be advised.

Let's wait to see what the G20 have to say before we go jumping to any conclusions. But I do think that caution is advisable overall. The fundamental things apply, as time goes by.

"For what does it profit a man, to gain the whole world, but to lose his soul?"

Le Propriétaire

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Need Little - Want Less - Love More

The Banks must be restrained, and the financial system reformed, with balance restored to the economy, before there can be any sustainable recovery.

"In the Incarnation the whole human race recovers the dignity of the image of God. Thereafter, any attack even on the least of men is an attack on Christ, who took on the form of man, and in his own Person restored the image of God in all. Through our relationship with the Incarnation, we recover our true humanity, and at the same time are delivered from that perverse individualism which is the consequence of sin, and recover our solidarity with all mankind." Dietrich Bonhoeffer

"A credibility trap is when the managerial functions of a society have been sufficiently compromised by corruption so that the leadership cannot reform, or even honestly address, the problems of that system without implicating a broad swath of the powerful, including themselves.

The moneyed interests and their aspirants tolerate the corruption because they have profited from it, and would like to continue to do so. Discipline is maintained by various forms of soft financial rewards and career and social coercion."

These are personal observations about the economy and the markets. In providing information, I hope this allows you to make your own decisions in an informed manner, even if it is from learning by my mistakes, which are many. As a standing policy I never provide individual investment advice to anyone. I will only occasionally disclose my personal positions for purposes of illustration. Understand that my own circumstances could differ greatly from your own, and therefore what is suitable for me may not be suitable for you. My comments are intended to be reflection on general macro financial and economic events and trends.